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    Property profile & analytics

    8063 Montgomery Rd Cincinnati, OH 45236-2905

    • Retail space
    • 19,968 SF
    • 1.39 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2022
    Value Estimations
    $3,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1078507
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Party City / Invitation Printing Service / Party Store
    • Rally House Montgomery Road / Sportswear Store / Hat Shop

    Property Details for 8063 Montgomery Rd

    Year built
    1975
    Lot size
    1.39 lot acres
    Property size
    19,968 SF
    Property type
    Retail space
    APN
    600-0080-0707-00
    APU
    6000080070700

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,835,000
      6.5%
      $3,540,000
      7%
      $3,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,098,000
      Market price range: $1.02M - $3.10M
      AI Estimate
      $2,960,000
      Market price range: $1.13M - $2.96M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,660,000
      RESTAURANT
      $3,320,000
      MEDICAL BUILDING
      $2,320,000
      OFFICE BUILDING
      $2,120,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3713
    Latitude
    39.2032
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $55,483
    $798,150
    $252,472
    $1,050,622
    -
    $2,280,430
    $721,350
    $3,001,780

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      7136 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.04 Acres
      7136 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Value Estimation by Request
      6,947 SF

      4039 Deer Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,947 SF
      4039 Deer Park Ave, Cincinnati, OH 45236-3407
      View Details
    • Value Estimation by Request
      1,003 SF

      8006 Blue Ash Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,003 SF
      8006 Blue Ash Rd, Cincinnati, OH 45236-2604
      View Details
    • Value Estimation by Request
      1.05 Acres

      7369 Kenwood Rd, Unit 7381

      RETAIL STORES (PERSONAL SERVICES) • 1.05 Acres
      7369 Kenwood Rd, Cincinnati, OH 45236-4407
      View Details
    • Value Estimation by Request
      2,154 SF

      7912 Blue Ash Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,154 SF
      7912 Blue Ash Rd, Cincinnati, OH 45236-2602
      View Details
    • Value Estimation by Request
      7,200 SF

      8013 Plainfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,200 SF
      8013 Plainfield Rd, Cincinnati, OH 45236
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,500 SF

      Silverton TrueValue Hardware Sale

      Established Hardware Store, High Traffic Area
      7144 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      1,000 SF

      Silverton Commercial Space on Montgomery

      Commercial space with storefront, private bathroom, and office.
      7049 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      2,118 SF

      Silverton Office/Retail Space Available

      2,118 SF office/retail space in Silverton neighborhood.
      7202 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      7,503 SF

      Hardware Store in Silverton Heart

      7,503 SF corner hardware store in resurgent Silverton neighborhood.
      7144 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      3,478 SF

      Retail Property in Cincinnati, OH

      Retail property with 3,478 square feet of space.
      8000-8006 Blue Ash Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing

      Silverton Mixed-Use Property for Sale

      Bar and apartment in resurgent Silverton neighborhood with I-71 access.
      7208 Montgomery Rd, Cincinnati, OH 45236
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    Similar Nearby for Lease

    • $25 SF/Yr
      83 SF

      Retail Space in Kenwood Corridor

      Retail space available in busy Kenwood retail corridor.
      8118 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • $12 SF/Yr
      20,600 SF

      Kenwood Retail/Office Space Available

      Strategically located mixed-use building in Kenwood, high visibility and accessibility.
      8170 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      1,712 SF

      Retail Space on Montgomery Road

      1,712 SF retail space with high visibility available for lease.
      8060 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • $14 SF/Yr
      14,036 SF

      Blue Ash Retail/Office Space

      Prime Blue Ash location with customizable retail/office suites available.
      9280 Plainfield Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Kenwood Corridor

      Retail spaces available in a high-traffic shopping center.
      7862 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      2,394 SF

      Retail Space in Kenwood Corridor

      Retail spaces available in a high-traffic shopping center.
      7896 Montgomery Rd, Cincinnati, OH 45236
      View Details
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    8063 Montgomery Rd
    Cincinnati, OH 45236-2905
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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